Tecogen (NASDAQ:TGEN) Posts Quarterly Earnings Results, Meets Expectations

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Tecogen (NASDAQ:TGEN) announced its quarterly earnings data on Tuesday. The construction company reported ($0.01) EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.01), Morningstar.com reports. Tecogen had a negative net margin of 26.59% and a negative return on equity of 5.30%.

Shares of TGEN opened at $2.61 on Wednesday. The company has a current ratio of 2.53, a quick ratio of 1.90 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $73.03 million, a PE ratio of -65.25 and a beta of 0.10. The business’s 50-day simple moving average is $3.41. Tecogen has a 12-month low of $2.46 and a 12-month high of $4.20.

A number of institutional investors and hedge funds have recently made changes to their positions in TGEN. Dimensional Fund Advisors LP raised its position in Tecogen by 7.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 54,549 shares of the construction company’s stock worth $198,000 after acquiring an additional 3,700 shares during the last quarter. THB Asset Management raised its position in Tecogen by 15.2% during the first quarter. THB Asset Management now owns 374,041 shares of the construction company’s stock worth $1,492,000 after acquiring an additional 49,488 shares during the last quarter. Finally, BlackRock Inc. raised its position in Tecogen by 14.1% during the second quarter. BlackRock Inc. now owns 58,371 shares of the construction company’s stock worth $219,000 after acquiring an additional 7,222 shares during the last quarter. Institutional investors own 15.99% of the company’s stock.

Several brokerages recently commented on TGEN. HC Wainwright reiterated a “buy” rating and issued a $6.00 price objective on shares of Tecogen in a research note on Wednesday, May 15th. Zacks Investment Research upgraded shares of Tecogen from a “sell” rating to a “hold” rating in a research note on Wednesday, July 17th. ValuEngine cut shares of Tecogen from a “buy” rating to a “hold” rating in a research note on Wednesday, July 24th. Finally, TheStreet cut shares of Tecogen from a “c-” rating to a “d+” rating in a research report on Friday, August 9th. Two research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $5.17.

Tecogen Company Profile

Tecogen Inc designs, manufactures, and sells industrial and commercial cogeneration systems that produce combinations of electricity, hot water, and air conditioning in the United States and internationally. It operates through two segments, Products and Services and Energy Production. The company offers InVerde e+, a cogeneration product that provides electricity and hot water; TECOGEN cogeneration systems for producing hot water; TECOCHILL air-conditioning and refrigeration chillers; and water heaters under the Ilios brand name, as well as emissions control technology under Ultera brand name.

Read More: Equity Income

Earnings History for Tecogen (NASDAQ:TGEN)

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